Binance coin has been a runner recently and is in strong bull trend while moving 250%+ against USD at the time of writing but will binance coin rise more?.Binance launchpad for ICOs and exchange coin's strong use-case has been doing well for the coin's price and bnb forecast. If we look at the binance coin forecast analysis today then we might see a slight correction downward in the coming days which might provide an opportunity for late buyers to enter the asset for long-term hold.
Let's look at binance coin technical analysis 2019 on its Daily-timeframe chart.
We can touch the area around $18.18+ before making move downward to our first support level around $12.71-$13.24. * Interested buyers can look for first buy zone(green bar) around $12.71-$13.24 to enter the asset for mid-term hold. * If the first support level doesn't hold then one can look around $10.88-$10.72-$11.25 to set their bids for safer entry. * There is also a rare possibility of breaking price level $18.18+(dotted red line) and retesting the area without even reaching our First support level(buy zone).If this happens then one can enter only after $18.18 price level is held after breaking upside. * Sellers can look for areas at resistances around $20.60-22.14(shorterm-midterm) and $28(long-term). * Breaking down below the last support area around $8-$9 would be bearish(sell signal) for the asset an holding the asset would be painful.
Further binance coin price analysis suggest that it has crossed the 200D- SMA (simple moving average) with bullish cross-over of 10 and 20 EMA (exponential average) followed by breaking above the Ichimoku cloud. These are quite healthy signs for the bulls. MACD and Stoch-RSI indicator showing signs of weakness leading to a further downfall in the coming days but that doesn't make the pair strongly bearish. Also, BNB coin paired against BTC(BNB/BTC) has broken its previous bull cycle(June'2018) high and made a new all time high recently.It has yet to break its all time high against USD i.e.$26.